Over 15 US firms spent millions in 2012 to lobby in India
Global retail giant WalMart, whose lobbying with US lawmakers for access to India has generated much political heat in New Delhi, has got company of at least 15 other large American companies and entities that have spent millions of dollars in 2012 itself to lobby for their Indian business interests along with other issues.
These include pharma giant Pfizer, computer makers Dell and HP, telecom players like Qualcomm and Alcatel-Lucent, financial services majors like Morgan Stanley and Prudential Financial, as also Alliance of Automobile Manufactures and the Aerospace Industries Association of America, as per the Congressional records of lobbying disclosure reports.
There are also lobby groups like Financial Executives International, Business Roundtable, Business Software Alliance and Financial Services Forum as well as consumer goods makers like Cargill Inc and Colgate PalmoliveBSE -0.97 % that have indulged in lobbying with US lawmakers so far in 2012.
Giants like Boeing, AT&T, Starbucks, Lockheed Martin, Eli Lilly and GE have also lobbied earlier with US lawmakers on "specific lobbying issues" related to India, which include discussions on market opening initiatives and support for their sales and business opportunities in the country.
As per the quarterly lobbying disclosure reports filed with the US Senate and the House of Representatives, at least three organisations -- Financial Services Forum, Business Roundtable and Financial Executives International -- have lobbied on issues related to taxation and other proposals of the Finance Bill presented in the Parliament early this year.
Besides, Qualcomm has lobbied on issues related to spectrum licenses, Alcatel-Lucent on preferential market access regulations and PfizerBSE 0.61 % on "issues related to a Supreme Court decision on generic medicine pricing" and certain patent cancellation matter in India.
One of the most active entities with India-related lobbying issues this year has been the Alliance of Automobile Manufacturers with its opposition to the regulation of carbon dioxide emissions in the US until India along with China and Russia implement similar reductions.
Besides, insurance major Prudential Financial has been lobbying for "Indian financial market access and equity ownership issues". Like the government decision to open FDI in retail, a proposal to increase FDI cap in insurance sector is also being vehemently opposed by various political parties.
So far in 2012, Prudential Financial has spent more than USD six million on various lobbying issues in the US, including those related to India, while the lobbying bill for Morgan Stanley has crossed USD two million.
Among others, Business Roundtable has spent USD 6.6 million, Alliance of Automobile Manufacturers about USD 8 million, Dell close to USD 2 million, HP about USD 1.5 million, Cargill USD 1 million and Aerospace Industries Association of America about USD 2 million.
The disclosure about Wal-Mart having spent USD 25 million on its lobbying activities in the US since 2008 on various issues including those related to opening of retail FDI in India generated a high-decibel political debate last week and the government finally agreed for an enquiry into the matter.
Lobbying is a legal activity in the US, but the lobby firms hired by the corporate entities need to make quarterly disclosures about their activities and payments. However, there are no specific regulations about lobbying in India.
The Indian government itself has a lobby firm presenting its case with the American lawmakers, while a number of Indian companies and entities also indulge in lobbying activities in the US through their respective lobbyists.
The Congressional records show that a number of other global giants have also paid their lobbyists in 2011 or prior years to present their issues related to India before the US lawmakers.
These include telecom major AT&T, whose specific lobbying issues in the past have included "telecom trade in India,", while the lobbyists for the world's largest coffee retail chain operator Starbucks have discussed "market opening initiatives in India" with the US lawmakers.
After years of waiting on the wings, Starbucks recently opened its first retail outlet in India through a partnership with Tata group.
Besides, Boeing has lobbied with the US lawmakers for "support for commercial aircraft sale in India", while Lockheed Martin has also sought the US government support for business opportunities in India in the past. Among others, pharma major Eli Lilly as lobbied on intellectual property related issues, while GE has lobbied in support of the US-India nuclear deal.
Source : PTI
Large US firms have spent millions of dollars in 2012 itself to lobby for their Indian business interests along with other issues.
Global retail giant WalMart, whose lobbying with US lawmakers for access to India has generated much political heat in New Delhi, has got company of at least 15 other large American companies and entities that have spent millions of dollars in 2012 itself to lobby for their Indian business interests along with other issues.
These include pharma giant Pfizer, computer makers Dell and HP, telecom players like Qualcomm and Alcatel-Lucent, financial services majors like Morgan Stanley and Prudential Financial, as also Alliance of Automobile Manufactures and the Aerospace Industries Association of America, as per the Congressional records of lobbying disclosure reports.
There are also lobby groups like Financial Executives International, Business Roundtable, Business Software Alliance and Financial Services Forum as well as consumer goods makers like Cargill Inc and Colgate PalmoliveBSE -0.97 % that have indulged in lobbying with US lawmakers so far in 2012.
Giants like Boeing, AT&T, Starbucks, Lockheed Martin, Eli Lilly and GE have also lobbied earlier with US lawmakers on "specific lobbying issues" related to India, which include discussions on market opening initiatives and support for their sales and business opportunities in the country.
As per the quarterly lobbying disclosure reports filed with the US Senate and the House of Representatives, at least three organisations -- Financial Services Forum, Business Roundtable and Financial Executives International -- have lobbied on issues related to taxation and other proposals of the Finance Bill presented in the Parliament early this year.
Besides, Qualcomm has lobbied on issues related to spectrum licenses, Alcatel-Lucent on preferential market access regulations and PfizerBSE 0.61 % on "issues related to a Supreme Court decision on generic medicine pricing" and certain patent cancellation matter in India.
One of the most active entities with India-related lobbying issues this year has been the Alliance of Automobile Manufacturers with its opposition to the regulation of carbon dioxide emissions in the US until India along with China and Russia implement similar reductions.
Besides, insurance major Prudential Financial has been lobbying for "Indian financial market access and equity ownership issues". Like the government decision to open FDI in retail, a proposal to increase FDI cap in insurance sector is also being vehemently opposed by various political parties.
So far in 2012, Prudential Financial has spent more than USD six million on various lobbying issues in the US, including those related to India, while the lobbying bill for Morgan Stanley has crossed USD two million.
Among others, Business Roundtable has spent USD 6.6 million, Alliance of Automobile Manufacturers about USD 8 million, Dell close to USD 2 million, HP about USD 1.5 million, Cargill USD 1 million and Aerospace Industries Association of America about USD 2 million.
The disclosure about Wal-Mart having spent USD 25 million on its lobbying activities in the US since 2008 on various issues including those related to opening of retail FDI in India generated a high-decibel political debate last week and the government finally agreed for an enquiry into the matter.
Lobbying is a legal activity in the US, but the lobby firms hired by the corporate entities need to make quarterly disclosures about their activities and payments. However, there are no specific regulations about lobbying in India.
The Indian government itself has a lobby firm presenting its case with the American lawmakers, while a number of Indian companies and entities also indulge in lobbying activities in the US through their respective lobbyists.
The Congressional records show that a number of other global giants have also paid their lobbyists in 2011 or prior years to present their issues related to India before the US lawmakers.
These include telecom major AT&T, whose specific lobbying issues in the past have included "telecom trade in India,", while the lobbyists for the world's largest coffee retail chain operator Starbucks have discussed "market opening initiatives in India" with the US lawmakers.
After years of waiting on the wings, Starbucks recently opened its first retail outlet in India through a partnership with Tata group.
Besides, Boeing has lobbied with the US lawmakers for "support for commercial aircraft sale in India", while Lockheed Martin has also sought the US government support for business opportunities in India in the past. Among others, pharma major Eli Lilly as lobbied on intellectual property related issues, while GE has lobbied in support of the US-India nuclear deal.
Source : PTI
No comments:
Post a Comment